Category: Money tips Release Date: 2006-12-06
September 5, Road King Infrastructure and Sunco China formally signed an agreement, Road King Infrastructure will be heading for Sunco China into the 1.28 billion capital injection is complete, Road King Infrastructure will hold a 55% stake in Sunco China, Sun Hongbin holds 40% stake.
The market for the acquisition, more optimistic.
"For Sunco is, this money is life-saving money." Sunco an insider said, With this 1.28 billion, Sunco will be able to fill the funding gap, we can continue to live.
Jin's liking in terms of infrastructure, pay this 1.28 billion, this has been unknown in mainland China, Hong Kong companies will no doubt claim to fame, sit back and enjoy - Sunco built the brand in the domestic influence of project management teams across the country, as well as daughter was difficult to get seven million square meters of land resources.
Signing ceremony, Sun Hongbin, said negotiations on players, Road King Infrastructure got a bargain.
But there are different voices. A large-scale real estate company chiefs said the Sunco simply not worth the price. In accordance with an industry to say, after the sale of Sunco, Sun Hongbin retains his financial record new group a piece of "private plots" Before this, he has set some high-quality land transferred to the financial hit.
Sunco budding: One crashed into "real estate dream team"
Sunco has begun to enter the public view in 1999. At that time, Vanke, Wantong, Jianye, Hopson and other real estate giant plans to build a national real estate led by a coalition of business organizations, just missing a business in Tianjin.
Quan-Zhong introduced by the sake of body president, when the annual sales of only 200 million of Sunco chance, camel, joined the coalition by the National giant. In August 1999 in Chengdu, the City Housing Network in the first formal preparatory meeting held in Jinjiang Hotel, 12 members of the owner of Wang Shi, Feng Lun, Lu Jian, Hu Bao-Sen, Sun Hongbin, Zhu Mengyi, Zhou Qing governance will all be present, Sun Hongbin also like to take the media "China's real estate sector star dream team" in a.
Sunco the Great Leap Forward: Rolling in cash, crazy enclosure
2003-2004, it was a time when real estate a hot, fast rolling cash flow under the rapid expansion of Sunco.
"Sun Hongbin of thinking is not thinking of ordinary people can be judged." People who come into contact with Sun Hongbin said.
With regard to the development of Sunco, Sun Hongbin actually have a clear strategy, while Sunco strategy compared to other companies is indeed very different.
Take to strategy, most enterprises will take to assess their ability to pay in advance, and the land's future development potential. The Sunco plots in the assessment, we will not begin to see land extravagant treat, but pay more attention to inappropriate co-payment. Because of this, Sunco across the country by taking part in the eyes of the major peer-extreme "crazy" move.
Dahua Group had, and Sunco take the same stage, in Wuhan, a listed block contention, "We Request for quotation 5 billion, Sunco suddenly reported that 700 million out of the sky-high price."
"Typically, take to the next day, Sunco will begin with the local government to make representations to change payment method. As a result, often Sunco only need to pay about 10% of the first phase of the operation in respect of the right of access to land." people who come into contact with Sun Hongbin said. Sunco the same operation in the project unique. Sunco has created a unique "parallel operation of Law," this approach allows the operation of a block cycle, from general company about 18 months reduced to six months. Sunco for any one saw in the land, are to take to the project before the program started. "So Sunco be able to get to the next day reported that the planning, after half a year to get listed!" Industry sources said.
